Adani In Talks With Global Banks For $1.5 Billion Data Centre Loan
What Happened
Adani Group is reportedly seeking about $1.5 billion in offshore financing for its data-centre expansion. Its AdaniConneX joint venture is in talks with lenders including DBS, First Abu Dhabi Bank and MUFG, with a potential loan tenure of five to seven years. Terms are yet to be finalised. The financing is part of Adani Group’s plan to invest around $100 billion in data centres and other digital infrastructure by 2035.
Key Takeaways
The proposed loan would support Adani Group’s major expansion into data centres as demand for AI and cloud computing infrastructure grows in India.